The Minneapolis city council pledged to abolish the city's police department and replace it with a new system of public safety. The historic move has been hailed as the first concrete victory in the mounting nationwide movement in the aftermath of the police killing of George Floyd.
- New York City's mayor, Bill de Blasio, pledged to cut police department funding. The money will be given to Youth and Social Services. The mayor also lifted a contentious citywide curfew.
- A protester was shot in Seattle, Washington. A man drove a car into a demonstration and shot a demonstrator.Police said officers have a man in custody.
Technical analysis:
Trading recommendation:
Watch for potential buying opportunities on the dips towards the levels at $1,721 and $1,744.
Stochastic oscillator is showing bullish divergence, which is good sign for further rally.
